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We might all be in trouble if what this article says about a Chinese surplus of copper is correct.
Big Trouble Ahead For Copper Is Good For Silver Prices - Commodity Trade Mantra
The only bright side is that silver prices could improve as mining operations shut down.
it's not correct, it is a "panic article" to get you to buy silver. note the author is not at the bottom , but rather a website, go there read the original and it becomes clearer.
besides if what he says is true you are looking at a five year slowdown and a readjustment of scrap Cu prices to where they belong, about what they are now in my opinion.
what is really funny if you follow the site back one additional time, they advocate you buy silver and gold , and warn you that the government is going to come and confiscate it
V/r HT1 http://onepeople.org/files/tin-foil-hat.jpg
P.S. if you have accesss to the scrap room I can give you some real SH!T to worry about
Thanks HT1. I usually don't fall victim to such blatant marketing schemes. This was one theory I had not heard before, but seemed logical to me sense China has been hoarding gold at extreme levels. They are trying to position themselves for the end of the petro dollar. Plus, silver is just a by-product of other, more profitable mining operations.
Ya, I agree, just read the article to the end. They are trying to sell you silver. It's a marketing article. Click on the link and I bet their price for silver for you to buy will be higher than the price of spot silver.Quote:
Originally Posted by HT1
So they are actually trying to get YOU to buy THEIR Silver........Quote:
Originally Posted by nutpie
Buy Copper NOW!!!!!!!